How much is a home worth in ZIP code 38671?

The typical home in 38671 is worth $236,336, based on the Zillow Home Value Index.

Are home values rising in 38671?

Home values in 38671 are up 1.8% over the past year, and up 5.8% a year over five years.

What is the typical rent in 38671?

A typical home in 38671 rents for about $1,511 a month, a gross rental yield of 7.7%.

What is the property tax rate in 38671?

The effective property tax rate in 38671 is 0.7% — roughly $1,557 a year on a typical home.

ZIP code 38671 has a population of 37,319 and a median household income of $61,843.

HousingHandbookReference data

…

U.S. ZIP Code · MS38671

DeSoto County · Memphis, TN-MS-AR

Typical home value

$236,336^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +5.8%
10-year / yr: +7.0%

Relative price

vs U.S.: -16.8%
vs metro: ≈ metro median
vs state: +55.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 38671 is worth $236,336. Over the past year, values have risen 1.8%. Homes here rent for a typical $1,511 a month — a 7.7% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,511^[2]
Gross yield: 7.7%^[2]
Cap rate: 4.6%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,557^[3]

#Climate risk

FEMA National Risk Index ratings for DeSoto County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Moderate
Winter weather: Relatively Low

#Who lives here

Population: 37,319^[3]
Median household income: $61,843^[3]

#Migration

Household moves in and out of DeSoto County over a year, from IRS tax-return data.

Net migration: +451^[5]
Moved in: 6,197
Moved out: 5,746

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 4
Middle: 1
High: 2

SOUTHAVEN HIGH SCHOOL
High · Grades 9–12 · DESOTO CO SCHOOL DIST
1,825 students
SOUTHAVEN MIDDLE SCHOOL
Middle · Grades 6–8 · DESOTO CO SCHOOL DIST
1,451 students
SOUTHAVEN INTERMEDIATE SCHOOL
Elementary · Grades 3–5 · DESOTO CO SCHOOL DIST
997 students
SOUTHAVEN ELEMENTARY
Elementary · Grades PK–5 · DESOTO CO SCHOOL DIST
666 students
GREENBROOK ELEMENTARY SCHOOL
Elementary · Grades K–2 · DESOTO CO SCHOOL DIST
582 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.7%

Net yield (after ~40% expenses)4.6%

Annual rent$18,136

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,195

Loan principal$189,069

Down payment$47,267

Total interest paid$241,147

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.01

Monthly cost to own$1,522

Monthly rent$1,511

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 84th percentile^[1]
Rental yield: 57th percentile^[2]
Property tax: 52nd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 38671?: The typical home in 38671 is worth $236,336, based on the Zillow Home Value Index.
Are home values rising in 38671?: Home values in 38671 are up 1.8% over the past year, and up 5.8% a year over five years.
What is the typical rent in 38671?: A typical home in 38671 rents for about $1,511 a month, a gross rental yield of 7.7%.
What is the property tax rate in 38671?: The effective property tax rate in 38671 is 0.7% — roughly $1,557 a year on a typical home.
Who lives in 38671?: ZIP code 38671 has a population of 37,319 and a median household income of $61,843.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

38665 vs 38671 →
Strayhorn CDP, MS
Typical home
$236,515
Gross yield
—
72364 vs 38671 →
Marion, AR
Typical home
$238,140
Gross yield
—
38618
Arkabutla CDP, MS
Typical home
$240,211
Gross yield
—
38015
Gilt Edge, TN
Typical home
$231,514
Gross yield
—
38049
Braden, TN
Typical home
$229,658
Gross yield
—
38668
Senatobia, MS
Typical home
$243,350
Gross yield
—

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#Jump to section

U.S. ZIP Code · MS38671

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